CBOT Trends-Wheat down 4-6 cents, corn down 1-3 cents, soy steady-mixed
CHICAGO, June 25 (Reuters) - The following are U.S. expectations for the resumption of grain and soy complex trading at the Chicago Board of Trade at 8:30 a.m. CDT (1330 GMT) on Thursday.
WHEAT - Down 4 to 6 cents per bushel
Falling oil prices and a strong dollar weighed on grain markets that also recently came under pressure from liquidation by funds.
The International Grains Council raised its forecasts for 2026/27 global wheat and corn production.
U.S. wheat export sales for 2026/27 were 504,500 metric tons in the week that ended on June 18, the U.S. Department of Agriculture said. Analysts expected 250,000 to 600,000 tons.
Western Europe remained in the grip of a deadly heatwave that has threatened crops.
CBOT July soft red winter wheat WN26 was last down 4-1/4 cents at $5.81-1/2 per bushel. K.C. July hard red winter wheat KWN26 was last down 4-1/2 cents at $6.12-3/4 per bushel and Minneapolis July spring wheat MWEN26 was up 1/4 cent at $5.84-1/2 per bushel.
CORN - Down 1 to 3 cents per bushel
Corn futures set contract lows overnight.
Weaker oil prices can weigh on corn and soy markets because the crops are used to manufacture biofuels.
Traders monitored forecasts for hot U.S. weather and rain in early July, the critical month for development of the corn crop.
Weekly U.S. corn export sales were 743,100 metric tons for 2025/26, USDA said. Analysts expected 600,000 to 1.3 million tons.
CBOT July corn CN26 was last down 2-1/2 cents at $4.04-1/2 per bushel.
SOYBEANS - Steady-mixed
CBOT July soybeans SN26 neared a February low set last week. The contract was last unchanged at $11.08-3/4 per bushel.
USDA on June 30 is slated to release highly anticipated U.S. acreage estimates and quarterly data on grain stocks.
Weekly U.S. soybean export sales were 455,400 metric tons for 2025/26, USDA said. Analysts expected 100,000 to 500,000 tons.
U.S. President Donald Trump on Wednesday asked Congress to approve more than $11 billion in additional aid for farmers facing high fuel and fertilizer costs since the Iran war.
